The Prosperity Podcast

Knowing when to take the next step can be critical when getting another policy. Kim and Spencer discuss when it makes sense to get another policy. Listen to Kim's financial wisdom and experience, and enjoy the podcast!

Best-selling author Kim Butler and Spencer Shaw teach you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast

Show Notes

• The best place to store cash - 0:32
• What to do after 2-3 years after buying your first policy - 1:05
• Psychological triggers - 2:19
• Immediate results - 3:37
• The savings habit - 4:38
• Thinking about a second policy - 6:20
• Term insurance vs whole life insurance - 7:31
• Starting a policy on a child - 8:04
• What is convertible term insurance? - 9:17
• A convertible policy to whole life policy - 10:20
• Understanding your cash flow to get another policy - 11:11

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

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The Principle of Control is one of the Seven Principles of Prosperity Economics and on today's podcast, Kim and Spencer expose how millennials apply this principle in their financial decisions and help us shift the way we think about this concept, so sit back, relax and enjoy.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast

Show Notes

• Control as a principle of prosperity - 0:44
• Understanding the other principles - 1:16
• Kim talks about "typical financial planning" - 2:47
• Using the word "traditional" - 2:58
• Traditional financial planning - 3:29
• Helping millennials have more control - 4:10
• The most important principle - 4:59
• Things that we can control - 6:16
• Using the seven principles of prosperity - 7:00
• Control and self-directed IRA - 8:36
• Implementing control and changing your strategy - 11:42
• Seeking the right education - 13:25

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

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Today Kim and Spencer talk about the home equity line and how this is going to affect your finances. They also discuss whether it is something that you should be doing or not, stay tuned and learn from them!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast

Show Notes

• Using Home Equity Credit Line - 0:34
• Using the home equity credit line to pay your mortgage - 1:22
• The Truth Concepts Software and Todd Langford - 2:19
• Focusing on reducing your debt - 3:54
• Refining your mortgage - 4:22
• Talking about extra payments as a problem - 5:18
• Running your life through the home equity credit line - 6:33
• How to use Life Insurance as a better vehicle - 8:52
• Not thinking with a prosperous mindset - 9:50
• Building equity in your home is not a good strategy - 10:11
• Building equity with a whole life insurance policy - 10:45
• A smart plan: having a Life Insurance Policy - 12:30
• Always using the Seven Principles of Prosperity - 13:47

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
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A new kind of graduation: the prosperous mindset graduation, is the ravaging topic that Kim and Spencer tackle on this brand new episode, so don't miss out on this opportunity to hear their exclusive insight on how it may change your life for the better.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast

Show Notes

• Graduations - 0:55
• Am I done or just getting started? - 1:06
• "Getting started" as a prosperous mindset - 1:15
• Paying money to continue learning - 2:02
• Education does not stop after graduation - 2:20
• Your best learning method - 3:10
• What does a prosperous person do? - 4:51
• Having humility - 5:07
• The retention piece of the learning process - 5:35
• Learning and retaining knowledge - 7:17
• The whole point of learning - 8:11
• The meaning of "WHO" - 9:06
• Teaching and retaining knowledge - 10:45
• Teaching what we are learning - 11:23

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

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Kim Butler and Jimmy Vreeland talk about their latest book: Busting The Real Estate Investing Lies. Join us to listen to the authors comment on their favorite stories and topics from the book and why this is a must-read piece for you.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://bustingtherealestateinvestinglies.com/

Show Notes

• Discussing the book: Busting the Real Estate Investing Lies - 0:56
• Jimmy's failures - 2:43
• Trying every investment strategy - 3:29
• Life Insurance and Real Estate together - 3:58
• Real Estate is the oldest way to build wealth - 4:17
• The oldest form of storing wealth: Life Insurance - 4:25
• Life Insurance has the liquidity, Real Estate has the cash flow - 4:30
• Kim and Jimmy's audiobook - 6:38
• Understanding a little bit more about passive and active income - 8:41
• What does a wealthy person do? - 9:06

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS

Do you know what is cash flow out and cash flow in? Knowing the difference may help your financial situation significantly, so don't miss out on this opportunity as we listen to Kim and Spencer address the subject with their unique insight and characteristic wit.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://www.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/0991305418
• https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895

Show Notes

• What is cash flow out? - 0:31
• Starting to save - 0:42
• Saving 10 to 20 % of your income - 1:15
• Cash flow out is the act of saving - 2:46
• Our favorite way to save: automating savings - 3:25
• Buying a whole life insurance policy - 4:03
• Cash value's job - 5:22
• Whole Life Insurance has warranties - 6:06
• The Emergency fund and Life Insurance - 6:51
• The Opportunity fund - 8:34
• Pay yourself first - 9:46
• Cash flow out savings first - 10:33
• Kim helps you - 11:34
• Live your life insurance book: A Kim's recommendation - 12:03

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS

Get your copy of the book on Amazon https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE

Show Notes

• The roles of real estate and life insurance as similar assets - 0:39
• Whole life insurance is liquid - 0:48
• The difference between Real Estate and Life Insurance - 1:23
• The thing that all investors must have - 1:58
• Real Estate investors and speculation - 3:10
• The successful Real Estate investor - 4:33
• A property flipper - 5:35
• The cash flow investor is always employed - 5:55
• A reasonable amount of cash flow - 6:46
• A cash flow deal - 7:08
• Applying reason to back up your pursuits - 8:58
• Selling your property without paying a lot of taxes - 9:49
• Strategies that are taught inside the book - 11:23
• The true experiences that are taught inside the book - 12:59

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS

An in-depth look into the concept of cash flow is the topic of today's episode as Kim and Spencer explain this somewhat elusive concept with easy to understand metaphors such as running a 5k, a 1/2 marathon and a marathon, and their cash flow equivalents of 5k bridge loans and 1/2 marathon bridge loans.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast

Show Notes

• A couple close to retirement - 0:43
• What is net worth? - 1:15
• What cash flow does for you - 1:54
• Understanding cash flow through a metaphor - 2:23
• Creating monthly cash flow - 3:18
• Creating cash flow requires practice - 3:45
• Discussing bridge-loans - 4:23
• Accredited investors that create cash flow - 8:31
• Addressing turnkeys - 9:09
• Learning about Real Estate - 9:59
• Turnkey Real Estate - 10:42
• Getting involved in the Oil and Gas field - 12:00
• Looking for the "marathon" cash flow - 13:35

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS

Today's podcast is on how multiple life insurance policies can be a savvy financial strategy! Join us to listen to Kim and Spencer as they dive into all the policies that could be of use to you as well as how, when and why you should have multiple policies at once.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://truthconcepts.com/how-do-i-tell-if-my-real-estate-deal-is-a-good-one/
• https://truthconcepts.com/

Show Notes

• Discussing term insurance - 0:30
• Kim talks about whole life policies - 0:49
• Needing more policies - 1:30
• A paradigm shift - 2:12
• Starting whole life insurance - 2:32
• Addressing the subject of the death benefit - 3:13
• Having a monthly premium - 4:39
• Building a solid foundation - 5:54
• Your premium payments - 6:55
• When it is time to buy another policy? - 7:13
• The emergency fund - 8:49
• Borrowing against the cash value - 9:27
• Earning more than the borrowing costs - 10:30
• The Real Estate calculator - 11:47
• Your cash value and life insurance as a liquid asset - 13:13

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS

Could you imagine how a $500,000 income could be considered scraping by? Kim and Spencer dive into the actual definition of scraping by and give us some examples of their own experiences as financial advisors. Stay tuned to listen to our hosts discuss the terms "lean years" and "green years" as they analyze their applications with an example of a couple that has a $500,000 year-income.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
• https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html

Show Notes

• Defining income and expense - 0:48
• Lean years and Green years - 1:00
• The profitability of a business - 1:14
• What is a green year? - 1:40
• Teaching your kids about lean and green years - 2:52
• Example of a lean year - 3:13
• Earning $500,000 a year - 3:50
• Discussing the CNBC article - 4:16
• Discussing the subject of "money" with the family - 9:22
• Communication in the family - 10:05
• Increasing your cash flow - 10:30
• Discussing the importance of "savings" - 10:55
• A high-income earning couple - 12:34
• Saving first - 12:46
• The cost of personal care - 14:24
• Thinking differently to get different results - 17:58

Special Listener Gift

• Free eBook: Financial Planning Has Failed

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!

Review and Subscribe

If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• Stitcher
• RSS